Diversified Trust Co. Boosts Stock Holdings in Comcast Corporation $CMCSA

Diversified Trust Co. grew its holdings in Comcast Corporation (NASDAQ:CMCSA) by 11.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 272,399 shares of the cable giant’s stock after purchasing an additional 28,725 shares during the period. Diversified Trust Co.’s holdings in Comcast were worth $8,142,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Dynamic Advisor Solutions LLC boosted its holdings in Comcast by 25.6% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 64,318 shares of the cable giant’s stock worth $1,922,000 after buying an additional 13,124 shares during the period. Elevation Wealth Partners LLC raised its holdings in Comcast by 41.5% during the 4th quarter. Elevation Wealth Partners LLC now owns 1,421 shares of the cable giant’s stock valued at $42,000 after acquiring an additional 417 shares during the period. True Wealth Design LLC lifted its position in shares of Comcast by 52.2% during the fourth quarter. True Wealth Design LLC now owns 1,718 shares of the cable giant’s stock worth $51,000 after acquiring an additional 589 shares in the last quarter. Peoples Bank KS lifted its position in shares of Comcast by 3.5% during the fourth quarter. Peoples Bank KS now owns 29,888 shares of the cable giant’s stock worth $893,000 after acquiring an additional 1,010 shares in the last quarter. Finally, Everpar Advisors LLC boosted its holdings in shares of Comcast by 14.6% in the fourth quarter. Everpar Advisors LLC now owns 10,686 shares of the cable giant’s stock worth $319,000 after acquiring an additional 1,360 shares during the period. 84.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CMCSA has been the subject of several recent research reports. Scotiabank reduced their price target on Comcast from $37.50 to $35.25 and set a “sector perform” rating for the company in a research report on Friday, January 30th. Morgan Stanley dropped their price objective on Comcast from $32.00 to $31.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 10th. Arete Research set a $23.00 target price on Comcast in a research note on Tuesday, January 6th. Pivotal Research lowered Comcast from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. Finally, Citigroup reiterated a “buy” rating and set a $33.00 price target (up from $32.79) on shares of Comcast in a research report on Friday, January 30th. Ten research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Comcast currently has a consensus rating of “Hold” and an average price target of $34.87.

Insider Buying and Selling at Comcast

In related news, CEO Michael J. Cavanagh sold 57,947 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total value of $1,892,549.02. Following the transaction, the chief executive officer directly owned 622,336 shares in the company, valued at approximately $20,325,493.76. This represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.26% of the company’s stock.

Comcast Trading Down 0.0%

Shares of CMCSA stock opened at $29.01 on Tuesday. The company has a market capitalization of $104.37 billion, a PE ratio of 5.40, a price-to-earnings-growth ratio of 2.26 and a beta of 0.79. Comcast Corporation has a 52-week low of $25.75 and a 52-week high of $37.72. The business’s fifty day moving average is $30.27 and its 200 day moving average is $29.63. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 29th. The cable giant reported $0.84 EPS for the quarter, topping the consensus estimate of $0.75 by $0.09. The business had revenue of $32.31 billion during the quarter, compared to analysts’ expectations of $32.35 billion. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The firm’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.96 earnings per share. On average, equities research analysts anticipate that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $1.32 annualized dividend and a dividend yield of 4.6%. Comcast’s payout ratio is presently 24.58%.

Comcast Company Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.